Olaine, May 15, 2012

 In April “Olainfarm” sells products worth 3.22 million lats

Preliminary consolidated sales results of AS “Olainfarm” for April 2012 show that sales reached 3.22 million lats (4.58
million euros), which represents a decrease by 5% compared to the same period last year.  Sales in Latvia have increased by
374%, significant shipments were also made to Uzbekistan, Switzerland and the USA. Major sales markets of AS “Olainfarm”
during April 2012 were Russia, Latvia. Ukraine, UK, Belarus Kazakhstan and Uzbekistan.

April 2012, consolidated results  Changes to April 2011 Share in total sales
Russia      -18%   32%
Latvia      374%   21%
Ukraine      -47%   12%
UK      0%   12%
Belarus      -4%   6%
Kazakhstan     -51%   4%
Uzbekistan     NA   3%
Lithuania     -6%   2%
Switzerland     NA   1%
USA      NA   1%
Other      -52%   5%
Total      -5%   100%

According to the preliminary results, during four months of 2012 consolidated sales of AS “Olainfarm” were 15.25 million lats
(21.70 million euros) – which represents an increase by 32%, compared to the same period of 2011.  The most rapid sales
increases were achieved to the USA, where sales increased 344 times, Taiwan, where sales increased 13 times, and Latvia,
where sales increased more than fourfold. Major sales markets of AS “Olainfarm” during this period were Russia, Ukraine,
Latvia, Belarus, UK and Kazakhstan.

4 months of 2012, consolidated results  Changes to 4 months of 2011  Share in total sales
Russia      23%   36%
Ukraine      40%   21%
Latvia      329%   19%
Belarus      -34%   6%
UK      0%   5%
Kazakhstan     10%   4%
Uzbekistan     4%   1%
Taiwan      1280%   1%
USA      34367%   1%
Lithuania     -28%   1%
Other      -29%   6%
Total      32%   100%
 

Sales of chain of pharmacies owned by AS “Olainfarm” during April 2012 were 0.52 million lats (0.74 million euros).  In four
months of 2012, sales of pharmacies owned by AS “Olainfarm” were 2.12 million lats (3.02 million euros).

According to preliminary unconsolidated results sales of AS “Olainfarm” in April 2012 were 2.71 million lats (3.87 million
euros), which represents a decrease by 19% compared to the same period one year ago.  Significant sales increase was
achieved in Latvia, whjere sales grew by 28%.  The major sales markets of AS “Olainfarm” in April markets Russia, Ukraine,
UK, Belarus, Latvia, Kazakhstan and Uzbekistan.

April 2012, unconsolidated results  Changes to April 2011 Share in total sales
Russia      -18%   38%
Ukraine      -47%   14%
UK      0%   14%
Belarus      -4%   7%
Latvia      28%   7%
Kazakhstan     -51%   5%
Uzbekistan     NA   4%
Lithuania     -6%   2%
Switzerland     NA   2%
USA      NA   1%
Other      -52%   6%
Total      -19%   100%

According to preliminary unconsolidated sales figures for four months of 2012, sales of AS “Olainfarm” were 13.2 million
lats (18.78 million euros), which represents an increase by 14% compared to the respective period of 2011.  The most rapid
sales increases were achieved to the USA, where sales increased 344 times, Taiwan, where sales increased 13 times. Major
sales markets of AS “Olainfarm” during four months of 2012 were Russia, Ukraine, Belarus, Latvia, UK and Kazakhstan.

4 months of 2012, unconsolidated results  Changes to 4 months of 2011  Share in total sales
Russia      23%    41%
Ukraine      40%    24%
Belarus      -34%    6%
Latvia      24%    6%
UK      0%    6%
Kazakhstan     10%    4%
Uzbekistan     4%    2%
Taiwan      1280%    1%
USA      34367%    1%
Lithuania     -28%    1%
Other      -29%    7%
Total      14%    100%

Sales forecasts of AS „Olainfarm” for  2012.gada provide that unconsolidated sales of the company will reach 40 million lats
(56.91 million euro), while consolidated sales will reach 47 million lats (66.9 million euro) According to these preliminary
unconsolidated sales figures, during four months of 2012, 33% of annual target for unconsolidated sales are reached. 
According to the preliminary consolidated figures, during four months 32% of annual target for consolidated sales are reached.

________________________________________ A/s Olainfarm is one of the biggest pharmaceutical companies in Latvia with nearly
40 years of experience in production of medication and chemical and pharmaceutical products. A basic principle of company's
operations is to produce reliable and effective top quality products for Latvia and the rest of the world. Products made by
the Group are being exported to more than 30 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia,
North America and Australia. 

         Information prepared by:
         Salvis Lapins
         Member of the Board
         A/s „Olainfarm”
         Tel: +371 6 7013 717
         Cell: +371 2 6448 873
         E-mail: slapinsh@olainfarm